This Act provides for how land is to be valued for various other Acts and for other purposes as may be required from time to time. There shall be a valuer-general for Norfolk Island who shall be appointed by the Minister. The Act sets out valuation methodologies. For deciding the value of land, all land is taken to be granted in fee simple. An owner may object to a valuation of the owner’s land. The Act sets out the procedures for such objection. The valuer-general must consider and decide a properly made objection.

This Act amends the Land Administration Fees Act 1996 by repealing subsection 4(8) and inserting a new section, which concerns a fee payable in respect of the registration of an instrument other than an instrument referred to in subsections 4(1) and 4(7) and in section 6 (except paragraph (f)) of the Act.

This Act makes provision for the authorization of surveyors by the Administrator and defines powers of such authorized surveyors. The Act also defines the offence of alteration of boundaries or survey marks and sets out regulation-making powers of the Administrator.